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Laure & Steve
Sr. Vice President/Broker

    GRI: Graduate REALTOR® Institute
    27 Years Experience

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Posts Tagged ‘Billings Real Estate’

Billings Real Estate: Housing Market Update

Wednesday, August 26th, 2009

Here are the statistics for July.  Our inventory is catching to last year but our sales volume is still down around 20%.  However, our average sales price is going up and our days on the market are coming down.

Handout July 2009

MLS Area Charts July 2009

MLS Statistics July 2009

We keep hearing from the news media that the recession is over so let’s all hope that our market bounces all the way back.

www.billings.org

Create an Action Plan for an Easy Move

Wednesday, August 12th, 2009

The key to an easy move is careful planning. There are many action items that need to be taken prior to the move all the way up to the actual day the first box is loaded on the moving truck. Take time to write down and organize the decisions and activities that will need to be accomplished prior to the move such as securing a mover and changing your address. Ideally, you should try to break up the tasks over a two-month period. By doing so, you won’t overload your schedule, plus it can save you time and money.  To get you started, consider using the checklist below as a guide.

Eight Weeks Prior

*Get estimates from at least three professional movers. If you are going to do it yourself, get estimates on rental trucks.

*Decide what furniture and household goods you’ll be taking, what needs to be disposed of and what needs to be replaced.

*If you will be moving to a new city, contact the Chamber of Commerce of that town for a new residence packet. Your sales professional may also have information.

Six Weeks Prior

*Inventory your possessions besides furniture – kitchenware, decorative items, electronics, apparel and so on.

*Complete a change of address form with the post office. This can be easily done online at www.MoversGuide.com for a minimal cost of $1. Make sure you notify organizations, credit cards companies, and publications to which you subscribe of your new address, too.

*Obtain copies of all medical, dental, legal, accounting and veterinarian records.

*If children are changing schools, arrange for transfer of educational records.

*Itemize moving-related costs with the mover including packing, loading, special charges and insurance.

Four Weeks Prior

*Make arrangements for packing your belongings. If you will be using professionals, schedule with the company for packing to take place a day or two before the move. If you will handle packing on your own, purchase adequate boxes, packing materials and tape.

*Arrange for short-term or long-term storage if needed.

*Make travel arrangements for pets including necessary medical records, immunizations, medication and so on.

Three Weeks Prior

*Begin packing items you won’t need immediately or that will go into storage.

*Contact utilities on both ends of the move to order termination or turn-on for occupancy date.

*Confirm travel arrangements for family and pets.

Two Weeks Prior

*Terminate newspaper and other delivery services.

*If necessary, arrange and confirm new bank accounts and local services in your new neighborhood.

One Week Prior

*Gather important papers, records, and valuables for protected shipment to new home or safe deposit box.

ü  Obtain any prescription medications needed for the next few weeks.

Day Before or Actual Moving Day

*Defrost refrigerator/freezer and give away all perishable food.

*Keep a box marked “Last Box Packed/First Box Unpacked” for tools, flashlights, first aid kit and so on. On moving day, this should be the last box placed on the truck.

*Pack items to carry with you such as valuables, financial records, personal papers and so on.

*Give the movers a telephone number and address to reach you.

A detailed action plan can get your move well down the road before you ever depart to your new destination.


Should Home Buyers Use a Professional Real Estate Agent ?

Tuesday, July 21st, 2009

With just the stroke of a few keys, you can find myriad resources on the Internet to help you in your search for a new home. Besides property listings, you can find out about specific communities, schools and mortgage options. Prudential Real Estate has made three great resources – Environmental Profile, Property Profile and Value Range Estimate – available that provide detailed real estate information just by keying in a U.S. property address.

With this wealth of information at your disposal, do you really need a real estate professional to represent you? Absolutely.

Think of it this way, when you go to an unfamiliar place, sure you could do a self-guided tour. However, your tour is much more rewarding and enriching when you have someone who is familiar with the location to guide you along because he or she has inside knowledge on the history, culture and stories that you may not have otherwise received.

The same can be said about sales professionals. Their role is more than someone to drive you around from property to property. They can be a great resource, especially to homebuyers relocating from other communities. He or she knows the local area including home values, taxes, utility costs, and school data, and may even be knowledgeable about resources pertaining to your special interests or needs. For instance, should you require help relocating an aging parent with you, your real estate professional may be able to direct you to local services or organizations for the elderly.

A sales professional can familiarize you with the processes involved in buying a home, alert you to potential risks, help you determine how much house you can afford, explain alternative financing strategies, as well as provide tremendous moral support.

Another benefit is having a strong advocate during the negotiating process. Sales professionals can help you objectively evaluate an offer then work to negotiate a favorable contract. During the process, he or she will review the contract and obligations before you sign, explain how contingencies and release clauses work, and so on.

And something easy to overlook is our familiarity with the complexity and risks inherent in the process. In the years we have been practicing we have been continually amazed at how quickly a seemingly simple transaction can grow legally complex and risky. When complex questions arise, a sales professional can help you quickly locate an attorney or other licensed professionals whose services you may require, such as home inspectors, engineers, surveyors and lenders.

As your single point of contact, a sales professional can manage the entire transaction including coordinating inspections, keeping in touch with the other real estate professionals, managing the documentation for the loan process, monitoring deadlines associated with contingencies, providing applicable paperwork, estimating closing costs, and helping prepare for a smooth and uneventful closing.

If you’re about to begin the process of buying or selling a home, consider involving a real estate professional. When the stakes are high, it’s comforting to have a specialist by your side.




Market Recap

  • Avg. Sales Price: $193,580

  • Avg. Days on Market: 74

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